| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Panasonic Appliances India Company Limited |
|
Particulars |
As at 31 March 2023 |
As at 31 March 2022 |
|
ASSETS |
|
|
|
Non-current assets |
|
|
|
Property, plant and equipment |
53.54 |
33.78 |
|
Intangible assets |
0.10 |
0.11 |
|
Capital work in progress |
0.08 |
0.26 |
|
Long-term loans and advances |
6.46 |
4.66 |
|
Other non-current assets |
0.83 |
0.68 |
|
Total |
61.01 |
39.49 |
|
Current assets |
|
|
|
Inventories |
37.00 |
46.63 |
|
Trade receivables |
34.33 |
42.48 |
|
Cash and bank balances |
1.73 |
0.98 |
|
Short-term loans and advances |
8.54 |
16.03 |
|
Other current assets |
0.85 |
2.41 |
|
Total |
82.46 |
108.52 |
|
Total Assets |
143.47 |
148.01 |
|
EQUITY AND LIABILITIES |
|
|
|
Shareholders ' funds |
|
|
|
Share capital |
12.68 |
12.68 |
|
Reserves and surplus |
43.28 |
54.31 |
|
Total |
55.95 |
66.99 |
|
Non-current liabilities |
|
|
|
Long-term borrowings |
21.63 |
0.18 |
|
Deferred tax liabilities (net) |
1.00 |
0.64 |
|
Long-term provisions |
1.81 |
1.40 |
|
Total |
24.43 |
2.21 |
|
Current liabilities |
|
|
|
Short-term borrowings |
10.38 |
13.08 |
|
Trade payables |
|
|
|
(A) Outstanding due of Micro/Small Enterprise |
2.54 |
1.92 |
|
(B) Outstanding dues of other than Micro/Small enterprise |
41.25 |
54.87 |
|
Other Financial Liabilities |
7.13 |
4.97 |
|
Provisions |
1.79 |
3.97 |
|
Total |
63.09 |
78.81 |
|
Total Equity & Liabilities |
143.47 |
148.01 |
|
PARTICULARS |
2023 |
2022 |
|
Revenue from Operations |
336.11 |
351.92 |
|
Other Income |
5.98 |
4.50 |
|
Total Income |
342.09 |
356.42 |
|
EXPENSES |
|
|
|
Cost of Materials consumed: |
206.32 |
220.49 |
|
Purchase of Stock in Trade |
2.83 |
4.53 |
|
Changes in Inventories of Finished Goods, Stock in Trade & Work in progress |
5.83 |
-4.80 |
|
Employee Benefit Expenses |
34.55 |
30.68 |
|
Finance Costs |
2.12 |
0.73 |
|
Depreciation & Amortization Expenses |
5.37 |
5.31 |
|
Other Expenses |
84.14 |
88.39 |
|
Total Expenses |
341.16 |
345.33 |
|
Profit/Loss before Tax |
0.93 |
11.09 |
|
Tax Expenses: |
|
|
|
Current Tax |
0.16 |
2.03 |
|
Less: Minimum Alternate Tax (‘MAT’) credit entitlement |
-0.16 |
-1.91 |
|
Deferred Taax |
- |
0.12 |
|
Total tax expenses |
0.36 |
0.64 |
|
Profit & Loss for the period |
0.36 |
0.75 |
|
Total Comprehensive Income |
0.56 |
10.33 |
|
Earning per Equity Share |
|
|
|
Basic |
0.45 |
8.15 |
|
Diluted |
0.45 |
8.15 |
|
Particulars |
31st March 2023 |
31 March 2022 |
|
A. Cash Flow from Operating Activities |
|
|
|
Net Profit after Tax as per Statement of Profit and Loss |
0.93 |
11.09 |
|
Adjustments to reconcile profit before tax to cash generated by operating activities : |
|
|
|
Depreciation and Amortization expenses |
5.37 |
5.31 |
|
Interest income |
-0.12 |
-0.04 |
|
Liabilities no longer required written back |
-0.05 |
-0.07 |
|
Provision for doubtful trade receivables |
- |
0.04 |
|
Provision for inventories |
0.04 |
0.33 |
|
Inventory written off |
0.05 |
0.08 |
|
Unrealised foreign exchange loss |
0.01 |
-0.03 |
|
Finance costs |
2.12 |
0.73 |
|
Loss/ (Profit) on sale/retirement of property, plant and equipment |
0.12 |
-0.00 |
|
Operating cash flow before working capital changes |
8.46 |
17.45 |
|
Movements in working capital: |
|
|
|
Decrease/(increase) in inventories |
9.53 |
-14.73 |
|
Decrease/(increase) in trade receivables |
8.16 |
-10.39 |
|
Decrease/(increase) in other assets |
8.92 |
-7.25 |
|
(Decrease)/increase in trade payables |
-12.97 |
10.06 |
|
Increase in other current liabilities |
0.67 |
0.35 |
|
Increase in long-term and short-term provisions |
0.02 |
0.39 |
|
Cash Generated from Operationg Activities |
22.79 |
-4.12 |
|
Income Tax |
-1.94 |
-2.06 |
|
Net cash generated from operating activities |
20.85 |
-6.18 |
|
B. Cash flows from investing activities |
|
|
|
Payment towards purchase of property, plant and equipment |
-25.53 |
-7.00 |
|
Proceeds from sale of property, plant and equipment |
0.10 |
0.13 |
|
Interest received |
0.10 |
0.04 |
|
Net cash used in investing activities |
-25.32 |
-6.83 |
|
C. Cash flows from financing activities |
|
|
|
Proceeds from borrowings |
26.00 |
1.30 |
|
Borrowings repaid |
-2.25 |
-2.54 |
|
Amount taken for short term purpose |
256.31 |
231.29 |
|
Repayment of amount taken for short term purpose |
-261.31 |
-220.29 |
|
Dividends paid on equity shares |
-11.60 |
- |
|
Finance costs paid |
-2.07 |
-0.73 |
|
Net Cash Flow from financing activities |
5.08 |
9.02 |
|
Net Increase/Decrease in Cash (A+B+C)- |
0.61 |
-3.99 |
|
Add: Cash and Cash Equivalents at beginning |
0.98 |
4.97 |
|
Cash and Cash Equivalents as at end |
1.59 |
0.98 |
|
Particulars |
31-Mar-23 |
31-Mar-22 |
|
Current Ratio (in times) |
1.31 |
1.38 |
|
Debt-Equity Ratio (in times) |
0.57 |
0.2 |
|
Return on Equity Ratio (in %) |
0.92% |
16.72% |
|
Inventory Turnover Ratio (in times) |
8.04 |
8.92 |
|
Trade Receivables Turnover Ratio (in times) |
8.75 |
9.45 |
|
Trade Payable Turnover Ratio (in times) |
4.08 |
4.54 |
|
Net Capital Turnover Ratio (in times) |
14.12 |
11.07 |
|
Net Profit Ratio (in %) |
0.17% |
2.94% |
|
Return on Capital Employed Ratio (in %) |
3.42% |
14.61% |
| Particulars | 2023 | 2022 |
| Dividend per Share | 0.27 | 9.15 |
| Retained Earnings (In Rs. Crores) | 43.28 | 54.31 |
Revenue from Operations:
In 2023, revenue from operations decreased to ₹336.11 crores, down from ₹351.92 crores in 2022.
The decrease in revenue may indicate challenges in sales or market conditions, warranting a closer look into factors affecting the top line.
Profit/Loss before Tax (in crores):
The company 's profit before tax significantly decreased in 2023 to ₹0.93 crores compared to ₹11.09 crores in 2022.
This substantial decline in pre-tax profit could be due to increased expenses or decreased revenue, impacting overall profitability.
Earnings per Equity Share :
Basic and diluted earnings per equity share in 2023 were ₹0.45 crores, down from ₹8.15 crores in 2022.
The sharp decline in EPS indicates reduced earnings available to shareholders, possibly affecting investor sentiment.
In summary, the financial performance in 2023 generally saw a decline in revenue and profitability, though operating cash flow improved significantly. The company also increased its investments in property and equipment. However, the positive net increase in cash and cash equivalents suggests improved liquidity in 2023 compared to 2022. Further analysis would be required to understand the specific reasons behind these changes and their implications for the company 's overall financial health.
